Banks Are Reluctant To Buy Dollars In Cash From The Central Bank


  • Banks are reluctant to buy dollars in cash from the central bank

On January 17, 2021IRAQ NEWS ENCYCLOPEDIA – FOLLOW THE LATEST NEWS

The independent … Central Bank data on the foreign currency sale window showed the continued reluctance of banks to participate in the cash sale of dollars

While the total cash sale amounted to “zero”

This comes after raising the selling price to (1460) dinars per dollar. While the price is still not stable in the unofficial markets.

The Central Bank’s decision to reduce the price of the Iraqi dinar against the dollar is met with great objections from politicians and economists, while everyone is waiting for the approval of the 2021 budget and the results of it in this regard.

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